Chief Financial Officer Average Salary in London 2024
How much money does a person working as Chief Financial Officer make in London?
LOW
79,600
GBP AVERAGE
173,000
GBP HIGH
275,000
GBP
A person working as Chief Financial Officer in London typically earns around 173,000 GBP. Salaries range from 79,600 GBP (lowest) to 275,000 GBP (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Chief Financial Officer salaries in London vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Chief Financial Officer Pay Scale and Salaries in London
Salary Structure and Pay Scale Comparison
164,000 GBP or more
144,000 to 164,000 GBP
99,100 GBP or less
99,100 to 144,000 GBP
 79,600 GBP |
165,000 GBP |
275,000 GBP |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Chief Financial Officer in London range from 79,600 GBP (starting salary) to 275,000 GBP (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 165,000 GBP, half of the professionals who work as Chief Financial Officer in London earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Chief Financial Officer in London earn less than 133,000 GBP, while 75% earn more. Similarly, the chart shows that 75% earn less than 191,000 GBP while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Chief Financial Officer in London compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 99,100 GBP to 144,000 GBP. About 20% of salaries are below the 99,100 GBP mark, while 10% fall within the range of 144,000 GBP to 164,000 GBP. Only 5% of individuals have salaries exceeding 164,000 GBP.
Salary Comparison by Years of Experience / Chief Financial Officer / London
How do experience and age affect pay?
| 0 - 2 Years | 90,400 GBP | |
| 2 - 5 Years | +34% | 121,000 GBP |
| 5 - 10 Years | +48% | 178,000 GBP |
| 10 - 15 Years | +22% | 218,000 GBP |
| 15 - 20 Years | +9% | 237,000 GBP |
| 20+ Years | +8% | 257,000 GBP |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Chief Financial Officer and this is what we found.
Employees with less than two years of experience earn approximately 90,400 GBP.
While someone with an experience level between two and five years is expected to earn 121,000 GBP, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 178,000 GBP, 48% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 218,000 GBP, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 237,000 GBP, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 257,000 GBP, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Chief Financial Officer / London
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Chief Financial Officer.
| High School | 111,000 GBP | |
| Certificate or Diploma | +18% | 130,000 GBP |
| Bachelor's Degree | +45% | 189,000 GBP |
| Master's Degree | +31% | 248,000 GBP |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Chief Financial Officer in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 111,000 GBP.
Level 2: Certificate or Diploma
At this level, the average salary becomes 130,000 GBP, 18% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 189,000 GBP, 45% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 248,000 GBP, 31% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in United Kingdom costs anywhere from 29,700 GBP to 89,100 GBP and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Chief Financial Officer / London
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Chief Financial Officer in United Kingdom, the average difference between the salary of male and female employees is 4%.
| Male | 155,000 GBP | |
| Female | -4% | 149,000 GBP |
Salary Comparison By Gender in United Kingdom for all Careers
Average Annual Salary Increment Percentage / Chief Financial Officer / London
How much are annual salary increments in London for individuals working as Chief Financial Officer? How often do employees get salary raises?
Individuals working as Chief Financial Officer in United Kingdom are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
United Kingdom / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Chief Financial Officer / United Kingdom
How much and how often are bonuses being awarded?
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Chief Financial Officer / London
83 GBP per hourThe average hourly wage (pay per hour) for individuals working as Chief Financial Officer in London is 83 GBP.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Chief Financial Officer in London is 38 GBP. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Executive and Management |  -100% | |
| Account Coordinator | 78,800 GBP | -54% |
| Account Director | 91,800 GBP | -47% |
| Account Executive | 99,500 GBP | -43% |
| Account Manager | 93,600 GBP | -46% |
| Administration Manager | 89,000 GBP | -49% |
| Administration Officer | 51,700 GBP | -70% |
| Administration Supervisor | 79,600 GBP | -54% |
| Administrative Clerk | 37,100 GBP | -79% |
| Administrative Officer | 37,600 GBP | -78% |
| Area Director | 86,100 GBP | -50% |
| Area Manager | 89,100 GBP | -49% |
| Asset Protection Associate | 98,900 GBP | -43% |
| Assistant Director | 92,800 GBP | -46% |
| Assistant General Manager | 98,900 GBP | -43% |
| Assistant Manager | 103,000 GBP | -41% |
| Assistant Managing Director | 112,000 GBP | -35% |
| Assistant Operations Manager | 104,000 GBP | -40% |
| Assistant Project Manager | 99,200 GBP | -43% |
| Assistant Section Head | 79,900 GBP | -54% |
| Assistant to CEO | 94,100 GBP | -46% |
| Assistant Vice President | 99,900 GBP | -42% |
| Associate Account Director | 98,300 GBP | -43% |
| Associate Director | 101,000 GBP | -42% |
| Bid Manager | 112,000 GBP | -35% |
| Branch Manager | 110,000 GBP | -36% |
| Business Development Manager | 121,000 GBP | -30% |
| Business Operations Associate | 99,700 GBP | -42% |
| Business Operations Lead | 101,000 GBP | -42% |
| Campaign Manager | 108,000 GBP | -38% |
| Catering Coordinator | 56,600 GBP | -67% |
| Catering Manager | 97,200 GBP | -44% |
| CEO | 182,000 GBP |  +5% |
| Chairman of The Board | 173,000 GBP | -0% |
| Chairman Office Manager | 124,000 GBP | -28% |
| Chief Commercial Officer | 139,000 GBP | -20% |
| Chief Corporate Officer | 151,000 GBP | -13% |
| Chief Digital Officer | 127,000 GBP | -27% |
| Chief Digital Strategy Officer | 128,000 GBP | -26% |
| Chief Digital Transformation Officer | 130,000 GBP | -25% |
| Chief Ethics Officer | 115,000 GBP | -34% |
| Chief Executive Officer | 189,000 GBP | +9% |
| Chief Financial Officer | 173,000 GBP | -0% |
| Chief Investment Officer | 132,000 GBP | -24% |
| Chief of Staff | 83,900 GBP | -52% |
| Chief Operating Officer | 140,000 GBP | -19% |
| Chief Privacy Officer | 113,000 GBP | -35% |
| Chief Resilience Officer | 135,000 GBP | -22% |
| Chief Risk Officer | 124,000 GBP | -28% |
| Chief Strategy Officer | 160,000 GBP | -8% |
| Chief Trust and Safety Officer | 119,000 GBP | -31% |
| Client Account Manager | 113,000 GBP | -35% |
| Client Accounts Officer | 93,700 GBP | -46% |
| Client Services Manager | 115,000 GBP | -34% |
| Commercial Director | 122,000 GBP | -30% |
| Commercial Manager | 109,000 GBP | -37% |
| Commercial Project Manager | 102,000 GBP | -41% |
| Commodity Broker | 80,700 GBP | -53% |
| COO | 134,000 GBP | -23% |
| Corporate Affairs Executive | 112,000 GBP | -35% |
| Corporate Compliance Director | 119,000 GBP | -31% |
| Corporate Director | 123,000 GBP | -29% |
| Corporate Officer | 84,300 GBP | -51% |
| Corporate Partnerships Officer | 90,000 GBP | -48% |
| Country Manager | 138,000 GBP | -20% |
| Department Head | 115,000 GBP | -34% |
| Department Manager | 113,000 GBP | -35% |
| Department Supervisor | 96,400 GBP | -44% |
| Deputy Director | 126,000 GBP | -27% |
| Deputy Manager | 129,000 GBP | -25% |
| Director | 149,000 GBP | -14% |
| Director of Accreditation | 128,000 GBP | -26% |
| Director of Catering Services | 114,000 GBP | -34% |
| Director of Client Services | 121,000 GBP | -30% |
| Director of Facilities Management | 102,000 GBP | -41% |
| Director of Operations | 122,000 GBP | -30% |
| Director of Process Simplification | 95,800 GBP | -45% |
| Director of Product Management | 124,000 GBP | -28% |
| Director of Project Management | 131,000 GBP | -24% |
| Director of Revenue Management | 118,000 GBP | -32% |
| Director of Training and Development | 117,000 GBP | -32% |
| Distribution Manager | 123,000 GBP | -29% |
| Division Manager | 108,000 GBP | -38% |
| Duty Manager | 104,000 GBP | -40% |
| Engagement Manager | 135,000 GBP | -22% |
| Executive Director | 174,000 GBP | +1% |
| Executive Manager | 158,000 GBP | -9% |
| Franchise Manager | 160,000 GBP | -8% |
| General Manager | 150,000 GBP | -13% |
| Generational Consultant | 102,000 GBP | -41% |
| Global Master Data Manager | 127,000 GBP | -27% |
| Global Technical Lead | 88,900 GBP | -49% |
| Head of Investment | 123,000 GBP | -29% |
| Head of Middle Office | 111,000 GBP | -36% |
| Head of Projects | 125,000 GBP | -28% |
| Head of Strategy | 137,000 GBP | -21% |
| Head of Supply Chain | 110,000 GBP | -36% |
| Head of Sustainability | 99,300 GBP | -43% |
| Housing Manager | 100,000 GBP | -42% |
| HSE Manager | 107,000 GBP | -38% |
| Innovation Manager | 110,000 GBP | -36% |
| Key Account Manager | 100,000 GBP | -42% |
| Knowledge Manager | 122,000 GBP | -30% |
| Location Manager | 114,000 GBP | -34% |
| Logistics Executive | 98,700 GBP | -43% |
| Logistics Manager | 97,700 GBP | -44% |
| Management Consultant | 100,000 GBP | -42% |
| Management Executive | 132,000 GBP | -24% |
| Manager | 120,000 GBP | -31% |
| Managing Director | 150,000 GBP | -13% |
| MIS Executive | 124,000 GBP | -28% |
| Ocean Services Manager | 128,000 GBP | -26% |
| Online Business Manager | 175,000 GBP | +1% |
| Operational Manager | 124,000 GBP | -28% |
| Operations Analyst | 111,000 GBP | -36% |
| Operations Assistant | 89,100 GBP | -49% |
| Operations Director | 143,000 GBP | -17% |
| Operations Executive | 131,000 GBP | -24% |
| Operations Manager | 132,000 GBP | -24% |
| Operations Supervisor | 118,000 GBP | -32% |
| Planning Director | 130,000 GBP | -25% |
| PMO Manager | 111,000 GBP | -36% |
| Policy Administration Executive | 108,000 GBP | -38% |
| Private Sector Executive | 105,000 GBP | -39% |
| Product Development Manager | 121,000 GBP | -30% |
| Product Executive | 107,000 GBP | -38% |
| Production Executive | 122,000 GBP | -30% |
| Production Manager | 131,000 GBP | -24% |
| Production Supervisor | 101,000 GBP | -42% |
| Program Director | 129,000 GBP | -25% |
| Program Manager | 131,000 GBP | -24% |
| Programme Coordinator | 89,900 GBP | -48% |
| Project Control Manager | 126,000 GBP | -27% |
| Project Coordinator | 75,400 GBP | -56% |
| Project Management Officer | 85,300 GBP | -51% |
| Project Manager | 89,400 GBP | -48% |
| Project Portfolio Manager | 94,900 GBP | -45% |
| Quality Manager | 105,000 GBP | -39% |
| R/D Director | 111,000 GBP | -36% |
| Regional Director | 176,000 GBP | +2% |
| Regional Manager | 131,000 GBP | -24% |
| Relationship Manager | 125,000 GBP | -28% |
| Retail District Manager | 89,300 GBP | -48% |
| Revenue Manager | 97,800 GBP | -44% |
| Risk and Capital Manager | 144,000 GBP | -17% |
| Risk Officer | 94,700 GBP | -45% |
| Safety Manager | 94,500 GBP | -45% |
| Section Head | 99,500 GBP | -43% |
| Service Manager | 100,000 GBP | -42% |
| Shift Supervisor | 78,100 GBP | -55% |
| Solutions Manager | 90,200 GBP | -48% |
| Supervisor | 76,600 GBP | -56% |
| Supply Chain Manager | 135,000 GBP | -22% |
| Surveyor | 84,300 GBP | -51% |
| Technical Director | 118,000 GBP | -32% |
| Technical Manager | 124,000 GBP | -28% |
| Territory Manager | 120,000 GBP | -31% |
| Validation Manager | 101,000 GBP | -42% |
| Vice President | 148,000 GBP | -15% |
| Zone Manager | 125,000 GBP | -28% |
Salary Comparison By City
| City | Average Salary |
| London | 173,000 GBP |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in United Kingdom is 4% on average across all career fields.
| Private Sector | 69,700 GBP | |
| Public Sector | +4% | 72,800 GBP |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Chief Financial Officer in London?
A good and competitive compensation would range anywhere between 165,000 GBP and 191,000 GBP. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Chief Financial Officer in London ranges from 79,600 GBP to 133,000 GBP. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
